Tag Archives: Gold
FCX,GOLD,Soybeans
A weekly close below 117 in FCX will put in a outside reversal pattern to the downside. This is a price negative pattern. A weekly close for Feb. Gold futures below 1378.40 would put in a similar pattern here. Soybeans..13.664 … Continue reading
A.M. Look 12/7/10
Pretty much all the technicians have similar same level in the equities and the metals. Since this is the first time up to the tgt. in the Silver it’s time to ring the register. Each investor needs to assess his … Continue reading
A.M. Look 12/6/10
The Euro is seemingly following the weekly reversal #’s by rejecting the 134.40 area. This currency as well as pretty much all other instruments except the Gold and Silver have reversed direction since Friday’s close. The question is whether this … Continue reading
A.M. Look 12/2/10
Core positions are presently long TBT,Aussie,Smh or Soxx index,YCS (short yen) and long JJG ( grain etf) Many of you have key long Gold and Silver holdings with a smattering of miners and selected oil stocks. Stay the course. It … Continue reading
A.M. Look 12/1/10
Today going into tomorrow we’re going to find out what chart patterns are real. Last night’s low in the Aussie @ 95.37 is one of the big tells on the board. Macro stops will be building below and should act … Continue reading
Metals and Miners
I like the present lows for the Gold,Silver and miners. With all the instability in Europe the metals look very attractive to me. Even with all the price action in the metals over the past 20 hours, the breaks held. The Europeans … Continue reading
Full Moon Trading
Food for thought.. Sunday night brings us to another episode of Full Moon Trading. Once again a good part of the world gets out their Ouija boards and decides which way they want to place their bets. Simply put, it’s … Continue reading
A.M. Look 11/18/10
The currencies and oil held some big support yesterday. The stock indices trapped the shorts once again late in the day. Now What? Gold just challenged it’s break down level for starters with most markets looking good for now Don’t … Continue reading
A.M. Look 11/15/10, 8:11am
Current positions Short Euro / Long Gold Short Yen ( Long Usd/JPY) Short bonds ( long TBT) Long emerging markets This a.m. we’ll be paying attention to the Euro at 136 (short term tgt support) and the Gold closing stop of 1355. Remember we legged … Continue reading